Stay updated with breaking news from Dev Dutt. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
New Delhi: Officials announced on Wednesday that the Indian government is expected to hand over Air India to the Tata Group on Thursday, nearly 69 years after it was taken from the conglomerate.
"Welcome back, Air India," Tata Sons wrote in a tweet on Thursday as the group took over the administration of Air India.
After a competitive bidding process, the government had on October 8 last year sold Air India to Talace Private Limited for Rs 18,000 crore.
Government handover today, 69 years after the Maharaja was taken from the conglomerate
Air India is officially handed over to the Tata Group on Thursday, in the first important privatization exercise in a decade.